North Knoxville Commercial Building Auction

Date: 08/11/2020

Time: 12 Noon

Location: ONLINE ONLY

Office: Knoxville

Agent: Kenny Phillips

Online Real Estate Auction 

Commercial Property 

Bidding Starts Closing August 11 12 Noon ( Soft Closing )

4124 McKinley St Knoxville Tn 37917

One Block off Broadway 

 Office , Storage, Rental apartment 

Block Construction 

Detached Storage Building 

Built in 1945 

 Parcel ID 069LA017

Property Taxes 3016.18

Lot 10,425 square feet 

 Utilities KUB

 

 Office area – 5 offices, break room, large open room /conference area

Security system

Sprinkler system

 Gas Furnace/ Central Air

Warehouse area  with loading dock

Apartment 2 Bed rooms /1 Bath/ living Room and laundry room

oak flooring, exterior and interior entrance

Window air/gas heat

Currently rented 280.00 Month to month

 

Inspection Thursday August 6 1-3 Pm 

 

Real Estate Terms: Powell Auction will email you documents on August 11th .  The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing within 30 days .Sales price is subject to owner conformation. By bidding you are entering into a binding agreement.  M&M Title  Company to conduct the  closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing, inspections or any other contingencies. Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s). All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. sale is not subject to property disclosure. Auction is subject to conformation.  **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

ONLINE Auction Terms:
Thank you for participating in this Powell Auction & Realty LLC Online Auction. It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC.
All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding.

Soft Closing : The Auctioneer’s online auctions are designed to mimic traditional “live” auction. For this reason,The Soft close will allow extended bidding until no bids are placed for one minute. 10% Buyers Premium is added to all bids to establish total purchase price. If a bid is placed within last two minutes additional minute will be added to ensure everyone gets time to place their bid.